# PPP loan: PMC INDUSTRIES INC.
> **$514K** approved 04/05/2020 · Paid in Full · Loan `5230647007`
## Borrower
- **Name:** PMC INDUSTRIES INC.
- **Address:** 87 SPRING LN, PLAINVILLE, CT, 06062-1167
- **NAICS:** 326291
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $514K
- **Initial approval:** $514K
- **Forgiven:** $518K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $514K
- **Jobs reported:** 38
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*